IRS Income Data for Russell Springs, KY 42642
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 25% | 31% | 25% | 11% | 4% | 3% | 0% |
| Number of returns | 1,238 | 1,545 | 1,264 | 569 | 215 | 140 | 20 |
| Number of joint returns | 266 | 529 | 726 | 488 | 198 | 128 | 17 |
| Number of returns from paid preparer | 961 | 1,270 | 1,058 | 499 | 182 | 114 | 20 |
| Total number of exemptions | 1,711 | 3,179 | 3,078 | 1,537 | 601 | 378 | 60 |
| Total number of dependents | 300 | 624 | 604 | 290 | 109 | 65 | 0 |
| Adjusted gross income | $3,891 | $16,907 | $35,308 | $60,882 | $85,940 | $131,602 | $459,670 |
| Salaries and wages | $4,214 | $13,338 | $29,583 | $48,575 | $64,981 | $86,570 | $109,611 |
| Taxable interest | $439 | $661 | $854 | $1,489 | $1,911 | $4,894 | $13,270 |
| Ordinary dividends | $156 | $96 | $121 | $347 | $338 | $3,232 | $3,483 |
| Business or professional net income | $178 | $976 | $923 | $1,529 | $1,979 | $8,329 | $22,753 |
| Net capital gain | $381 | $114 | $283 | $600 | $1,008 | $1,875 | $10,310 |
| Taxable individual retirement account distributions | $173 | $262 | $401 | $951 | $3,252 | $1,570 | $0 |
| Taxable pensions and annuities | $529 | $1,741 | $3,100 | $6,014 | $9,092 | $15,410 | $0 |
| Unemployment compensation | $145 | $455 | $534 | $581 | $473 | $0 | $0 |
| Taxable Social Security benefits | $0 | $35 | $695 | $1,597 | $2,286 | $4,176 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $792 | $977 | $3,109 | $7,728 | $11,430 | $21,165 | $86,342 |
| State and local income taxes | $122 | $62 | $433 | $1,481 | $2,942 | $5,900 | $23,133 |
| State and local general sales tax | $8 | $10 | $25 | $34 | $0 | $0 | $0 |
| Real estate taxes | $33 | $42 | $135 | $360 | $631 | $1,048 | $2,483 |
| Taxes paid | $168 | $124 | $637 | $1,983 | $3,806 | $7,473 | $26,075 |
| Mortgage interest paid | $178 | $238 | $1,063 | $2,877 | $3,950 | $5,305 | $8,175 |
| Contributions | $15 | $122 | $351 | $1,248 | $2,236 | $5,470 | $15,559 |
| Taxable income | $150 | $3,553 | $16,347 | $37,763 | $60,579 | $98,319 | $364,012 |
| Total tax credits | $0 | $54 | $424 | $814 | $911 | $380 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $308 | $634 | $659 | $244 | $0 |
| Child and dependent care credit | $0 | $3 | $18 | $54 | $55 | $0 | $0 |
| Earned income credit | $505 | $1,118 | $340 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $417 | $998 | $279 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $407 | $0 |
| Income tax | $14 | $330 | $1,496 | $4,164 | $7,643 | $16,847 | $104,411 |
| Total tax liability | $155 | $516 | $1,707 | $4,578 | $8,105 | $18,034 | $112,069 |
| Tax due at time of filing | $31 | $50 | $109 | $387 | $827 | $1,504 | $16,537 |
| Overpayments refunded | $-966 | $-2,228 | $-2,469 | $-2,228 | $-2,291 | $-4,148 | $0 |
| Total Tax Liability / AGI | 4% | 3% | 5% | 8% | 9% | 14% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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